Fortum Oyj

M&A Activity • Jun 15, 2017

Disclosure 353277

Fortum - Other information disclosed according to the rules of the Exchange

Oslo City Council approves Hafslund ownership restructuring between Fortum and the City of Oslo

FORTUM CORPORATION STOCK EXCHANGE RELEASE 15 June 2017 at 09:00 EEST

The Oslo City Council (Bystyret) has approved the ownership restructuring of Hafslund ASA between the City of Oslo and Fortum. The transactions received approval from the Norwegian, Swedish and Finnish competition authorities in May and June. The transactions are still subject to one regulatory approval in Norway and the fulfilment of the customary closing conditions. The closing of the transactions is expected during the third quarter of 2017.

The ownership restructuring was originally published on 26 April 2017.

Fortum Corporation

Måns Holmberg, Acting Head of Investor Relations and Financial Communications

Additional information:

Måns Holmberg, Acting Head of Investor Relations and Financial Communications, tel. +358 44 518 1518

Stock exchange release 26 April 2017: Fortum and City of Oslo restructure ownership in Hafslund and announce partnership for a greener Oslo

Distribution:

Nasdaq Helsinki

Key media

www.fortum.com

Fortum

Fortum is a leading clean-energy company that provides its customers with electricity, heating and cooling as well as smart solutions to improve resource efficiency. We want to engage our customers and society to join the change for a cleaner world. We employ some 8,000 professionals in the Nordic and Baltic countries, Russia, Poland and India, and 62% of our electricity generation is CO2 free. In 2016, our sales were EUR 3.6 billion. Fortum's share is listed on Nasdaq Helsinki. www.fortum.com